Stock Split Accounting: Par Value & Balance Sheet Effects
How forward and reverse stock splits affect corporate balance sheets, par value per share, additional paid-in capital, and stockholders equity.
Market Education
Learn how stocks, bonds and capital markets work. Explore plain-English explanations, worked examples and charts, then follow related coverage to connect market concepts with current events. Find your way around ECMSource.
Gran Tierra Holders Approve $1.33B Latin America Asset Sale
Gran Tierra Energy stockholders approved the $1.33B sale of Colombian and Ecuadorian businesses to Maurel & Prom, positioning the company to become debt-free.
SOFR vs. Treasury Bills: Money Market Spreads Explained
Understand the SOFR-Treasury spread, how secured overnight rates replaced LIBOR and the TED spread, and what money-market dislocations reveal.
Delta Air Lines Cuts 2026 Profit Outlook on Fuel Surge
Delta Air Lines posted record Q3 revenue of $20.2B but lowered full-year 2026 adjusted EPS guidance to $5.10–$5.60 as fuel expenses jump $6B.
The 90/10 Portfolio: Buffett’s Asset Allocation Rule Explained
Warren Buffett recommended a 90/10 portfolio: 90% in an S&P 500 index fund and 10% in short-term Treasuries. Here is how the strategy works and its risks.
American Express Fined $350M in AML Settlement; Guidance Intact
American Express agreed to a $350M penalty and Fed consent orders over AML compliance while leaving full-year 2026 and 2027 guidance unchanged.
GDP vs. GDI: Why Economic Output and Income Diverge
GDP and GDI measure the same economy from opposite sides. Learn how output and income diverge, what causes the statistical gap, and why the Fed watches GDO.
PepsiCo Q3 Revenue Rises 5.6% to $25.3B; Core EPS Beats at $2.34
PepsiCo posted Q3 2026 net revenue of $25.27B, up 5.6%, and core EPS of $2.34, while updating full-year core constant currency EPS guidance to 1% to 2%.
Non-Competitive vs. Competitive Bidding in Treasury Auctions
Understand non-competitive vs. competitive bidding in Treasury auctions, how the single-price clearing yield is set, and award rules for retail buyers.
Applied Digital Q1 Revenue Surges 322% to $341.9M
Applied Digital posted Q1 FY27 revenue of $341.9 million, up 322% YoY, backed by $36 billion in contracted backlog and 250 MW live at Polaris Forge 1.